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Globalisation of Indian Economy' means :

A) stepping up external borrowings
B) establishing Indian business units abroad
C) having minimum possible restriction on economic relations with other countries
D) giving up programmes of import substitution

Correct Answer:



C) having minimum possible restriction on economic relations with other countries

Part of solved Nature of Indian Economy questions and answers : General Knowledge >> Economy >> Nature of Indian Economy

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Similar Questions

1). The contribution of agriculture to India's economy is :

A). increasing

B). decreasing

C). constant

D). none of these

2). Which of the following bodies finalises the Five Year Plan proposals?

A). Planning Commission

B). Union Cabinet

C). National Development Council

D). Ministry of Planning

3). National Development Council was set up in :

A). 1948

B). 1950

C). 1951

D). 1952

4). Economic Planning is a subject :

A). in the Union List

B). in the State List

C). in the Concurrent List

D). unspecific in any special list

5). For internal financing of Five Year Plans, the government depends on :

A). taxation only

B). taxation and public borrowing

C). public borrowing and deficit financing

D). taxation, public borrowing and deficit financing

6). The National Development Council gets its administrative support from :

A). Planning Commission

B). Finance Commission

C). Administrative Reforms Commission

D). Sarkaria Commission

7). The Fiver Year Plans of India intend to develop the country industrially through :

A). the public sector

B). the private sector

C). the public, private, joint and Cooperative sectors

D). increasing collaboration with non-resident Indians

8). The Planning Commission is :

A). a Ministry

B). a Government department

C). an Advisory body

D). an autonomous Corporation

9). Which of the following statements is correct?

A). Planning Commission is a constitutional body

B). The Prime Minister is the Chairman of the Planning Commission

C). The Minister of Planning is always necessarily the Deputy Chairman of
Planning Commission

D). The draft plan is prepared by the National Development Council

10). The principal reason why national economic planning is still being pursued
in spite of embracing a market economy since 1991 is that :

A). The vast quantity of capital already deployed in the public sector needs to be
nurtured

B). The market economy is mainly confined to industry and commerce and
central in agriculture is necessary.

C). it is a constitutional requirement

D). Five Year Plans can continue to provide a long-term perspective to the
economy in market friendly fashions